This website requires javascript for proper use
The Bank for International Settlements
  •  Home
    • About

      About BIS

      The BIS's mission is to support central banks' pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks.

      Read more about the BIS

      • Overview
      • Governance and organisation
        • Overview
        • BIS member central banks
        • Board of Directors
        • Management of the BIS
        • Financial information
        • Ethics and conduct, risk management and internal audit
        • Transparency
      • BIS Innovation Hub
      • Representative Offices
        • About the Representative Offices
        • Office for the Americas
        • Office for Asia and the Pacific
      • Financial Stability Institute
        • About the FSI
        • Publications
        • Outreach events
        • FSI Connect
        • Speeches
        • FSI fellowship programme
      • Annual General Meeting
      • Annual Report
      • The Basel Process
        • Overview
        • Meetings
      • History
        • Overview
        • Timelines
        • Archive collections
        • BIS 90 Years exhibition
      • Careers at the BIS
        • Careers at the BIS
        • What we do
        • Early careers
        • How you can contribute
        • Life in and around the BIS
        • What we offer
        • Our people
        • Our values
          • Diversity & inclusion
          • Sustainability & corporate responsibility
          • Continuous improvement & innovation
          • Excellence & integrity
        • Current vacancies
      • Legal information
        • Overview
        • Administrative Tribunal of the BIS (ATBIS)
        • Hague Arbitral Tribunal
        • Fraudulent schemes
        • Shares withdrawal
        • For suppliers
        • Terms and conditions
        • Privacy notice
        • Cookies notice
      • Contact
    • Research & publications

      Research & publications

      BIS research focuses on policy issues of core interest to the central bank and financial supervisory community.

      Read more about our research & publications

      • Research at the BIS
      • Trending topics
        • Overview
        • Inflation
        • Innovation and fintech
        • Coronavirus (Covid-19)
        • Climate change & green finance
      • BIS authors
      • Annual Economic Report
      • Quarterly Review
        • QR all issues
        • QR special features
      • BIS Bulletins
      • BIS Papers
      • Working Papers
      • FSI publications
      • Committee publications
        • About committee publications
        • Basel Committee on Banking Supervision
        • Committee on the Global Financial System
        • Committee on Payments and Market Infrastructures
        • Irving Fisher Committee on Central Bank Statistics
        • Markets Committee
      • Conferences
      • Asian Office research
        • About Asian Office research
        • Research papers
        • Conferences
      • Americas Office research
        • About Americas Office research
        • Research papers
        • Conferences
        • Research networks
        • Working group on financial stability
        • Study group on markets and CB operations
        • CGIDE task force on enabling open finance
        • Consultative group on risk management
      • Other publications
      • Discontinued papers series
    • Innovation

      Innovation at BIS

      Fintech refers to technology-enabled innovation in financial services. This technological sea change is transforming the financial sector and the wider economy, affecting all aspects of our work - from payments to monetary policy to financial regulation.

      Learn more about Innovation and fintech

      • About innovation
      • BIS Innovation Hub
        • About the BIS Innovation Hub
        • Hub Centres
        • Themes
        • Projects
        • Publications
        • Press releases
        • Speeches, events & TechSprint
      • BIS Open Tech
    • Committees & associations

      Committees & associations

      The BIS hosts nine international organisations engaged in standard setting and the pursuit of financial stability through the Basel Process.


      Read more about BIS committees & associations

      • About committees and associations
      • Basel Committee on Banking Supervision
        • Overview
        • About the BCBS
          • Overview
          • Charter
          • Organisation and governance
          • Membership
          • Events
          • Work programme
          • Groups
          • Policy development and implementation
          • History
        • Basel III
        • Implementation and evaluation of the Basel standards
          • Overview
          • RCAP: role, remit and methodology
          • RCAP on timeliness: monitoring dashboard
          • RCAP on consistency: jurisdictional assessments
          • RCAP on consistency: thematic assessments
          • Evaluation
          • Other activities related to implementation and evaluation
        • Dashboards
        • Basel Framework
        • CCyB and G-SIB buffer
        • Publications
        • Press releases
        • Speeches
        • Comments by BCBS
        • Contact BCBS
      • Committee on the Global Financial System
        • About the CGFS
        • Fact sheet
        • Mandate
        • Publications
      • Committee on Payments and Market Infrastructures
        • Overview
        • About the CPMI
          • Overview
          • Charter
          • Organisation and governance
          • Membership
          • Work programme
          • History
        • Press releases
        • Publications
        • Principles for Financial Market Infrastructures (PFMI)
        • Monitoring implementation of the PFMI
        • Cross-border payments programme
          • Overview
          • Programme
          • Publications
          • Engagements and events
        • Payment, clearing and settlement in various countries
        • Speeches
        • Statistics
        • Glossary
      • Markets Committee
        • About the Markets Committee
        • FX Global Code
          • About FX Global Code
          • FX Working Group
          • Central Bank Register
        • Compendium
          • Introduction
          • Currency area overviews
          • Elements
          • Comparison
      • Irving Fisher Committee
        • About the IFC
        • Fact sheet
        • Publications
        • Members
        • Events
        • Historical Monetary and Financial Statistics (HMFS)
        • Knowledge centre
        • History
        • Contact the IFC
      • Other BIS-hosted organisations
    • Central bank hub

      Central bank hub

      The BIS fosters dialogue, collaboration and knowledge-sharing among central banks and other authorities that are responsible for promoting financial stability.

      Read more about our central bank hub

      • Overview
      • Central bank and monetary authority websites
      • Central bankers' speeches
      • Research hub
        • Overview
        • Recent additions
        • by Institution
        • Research Hub email alert
      • Central Bank Governance Forum
      • International Journal of Central Banking
      • Regulatory authorities and supervisory agencies
      • Central Bank Register
    • Statistics

      Statistics

      BIS statistics on the international financial system shed light on issues related to global financial stability.

      Read more about our statistics

      • About
      • Tools and support
        • Statistics help
        • Release calendar
        • BIS Statistics Explorer
        • BIS Statistics Warehouse
        • FAQs
        • Tutorials
        • SDMX
        • SDMX API
        • Glossary
      • International banking
        • About international banking statistics
        • Locational statistics
        • Consolidated statistics
      • Debt securities
        • About debt securities statistics
        • Debt securities statistics
      • Credit
        • About credit statistics
        • Credit to the non-financial sector
        • Credit-to-GDP gaps
        • Debt service ratios
        • External debt (JEDH)
      • Global liquidity
        • About global liquidity indicators
        • Global liquidity data
      • Derivatives
        • About derivatives statistics
        • Exchange-traded derivatives statistics
        • OTC derivatives statistics
        • Triennial Survey
      • Foreign exchange
        • About foreign exchange statistics
        • US dollar exchange rates
        • Effective exchange rates
        • Foreign exchange trading
      • Property prices
        • About property price statistics
        • Detailed residential
        • Selected residential
        • Commercial
      • Payment systems
      • Other indicators
        • About other indicators
        • Consumer prices
        • Policy rates
      • Effects of financial regulations
        • Overview
        • Capital and liquidity regulations
          • Overview
          • Literature & impact estimates
          • Documents & notes
        • Too-big-to-fail reforms
          • Overview
          • Literature & impact estimates
          • Documents & notes
        • FAQs
    • Banking

      Banking services

      The BIS offers a wide range of financial services to central banks and other official monetary authorities.

      Read more about our banking services

      • Banking services for central banks
      • Products and services
      • Financial statements
    • Media & speeches

      Media & speeches

      Speeches by BIS Management and senior central bank officials, and access to media resources.

      Visit the media centre

      • Media centre
      • Press releases
      • BIS management speeches
      • Basel Committee speeches
      • Central bankers' speeches
      • BIS photo gallery
      • Videos
      • Podcast
      • News archive
      • Media schedule

In this section:

  • Home
  • Research & publications
  • Quarterly Review - QR all issues
  • BIS Quarterly Review, June 2006
Logout
  • Research & publications
  • Quarterly Review
  • QR all issues
  • QR special features
IT
FR
ES
DE

BIS Quarterly Review, June 2006

BIS Quarterly Review  |  June 2006  | 
12 June 2006
PDF full text
 (597kb)
 |  88 pages

Retreat from risky assets

International banking and financial market developments

1.Overview: retreat from risky assets
pdf version (128kb)
2.The international banking market
pdf version (153kb)
3.The international debt securities market
pdf version (91kb)
4.Derivatives markets
pdf version (110kb)

Special features

Domestic bond markets in Latin America: achievements and challenges
Authors:  Serge Jeanneau and Camilo Tovar
pdf version (95kb)
Securitisation in Asia and the Pacific: implications for liquidity and credit risks
Authors:  Jacob Gyntelberg and Eli M Remolona
pdf version (76kb)

Recent initiatives

Recent initiatives by Basel-based committees and the Financial Stability Forum
pdf version (53kb)

Related information

  • Statistical data: Statistical annex: detailed tables (PDF, 111 pages)
  • Press release: 12 June 2006
  • Statistics
Top
  • Share this page
Stay connected
  • Follow us
  • Sign up to receive email alerts
  • About BIS
  • Sitemap
  • FAQ
  • Contact
  • Careers
  • Translations
  • Legal information
  • Terms and conditions
  • Copyright and permissions
  • Privacy notice
  • Cookies notice
  • Email scam warning